When a lot of us first heard the news about Lehman Brothers declaring bankruptcy, our first thoughts went something like this: What about my money? Marketplace Money host Tess Vigeland explains what to do with your personal finances.
AIG, the world's largest insurance company, is being torn apart by losses from the subprime mortgage meltown. The company got some breathing room today but the question on Wall Street is whether AIG can survive the week. Jeremy Hobson reports.
AIG is facing a potential downgrade by the major credit-rating agencies, and is said to be seeking help from the government. Scott Jagow asks Amy Scott, how did an insurer get into this mess?
And now, the fallout. More of the same seems to be the common prediction. As for who next, AIG seems to have been nominated for that post. Stacey Vanek Smith asks economist Christopher Low for his take.
In a few days, Lehman Brothers will still be a going concern or it won't. It's a turn of events that didn't seem likely on Monday when the news was all about Fannie and Freddie. Amy Scott's been following developments this week. She talks with Kai Ryssdal.
Treasury Secretary Henry Paulson hasn't said anything in public yet about rescuing Lehman Brothers from its credit crisis calamity. We asked Jeremy Hobson to find out why not.
Word today that U.S. Treasury Secretary Henry Paulson opposes using any federal money to resolve the crisis at Lehman Brothers, was followed with word that the bank itself is for sale. Janet Babin reports.
When the credit crunch hit about a year ago, Wall Street was just recovering from losing thousands of jobs to recession and the World Trade Center attacks in 2001. Amy Scott reports on how the rebuilding effort is doing amid the economic downturn.
While everyone has been watching the mortgage-meltdown struggles of the major investment firms, another financial industry has been taking a huge hit. Stacey Vanek-Smith reports on difficulties ahead for big banks and S&Ls.
The report from the Senate Permanent Subcommittee on Investigations says the U.S. loses $100 billion a year in tax revenue to tax havens arranged by Wall Street banks for foreign investors. Janet Babin has more.
